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HRA 08/02/2012 �c-K--xj August 2, 2012 HRA Meeting Regular Meeting Agenda 7:00 p.m. Call to order Roll call. Action Items 1. Approval of expenditures 2. Approval of June 7, 2012 Meeting Minutes 3. Public Hearing and Consideration of Resolution Authorizing Sale of 381 Ironton Street NE 4. Approval of Change to Development Agreement - 434 Liberty Street 5. Approval of Chronology for creation of TIF District#21 - GWNE n Informational Items 1. Housing Replacement Program Update 2. Housing Loan Program Update Adjournment K:\COMMISSION AGENDAS\2012 HRA Commission Agendas\12 08 02.docxK:\COMMISSION AGENDAS\2012 HRA Commission Agendas\12 08 02.docx June,2012 Fridley HRA Accounts rayable Checking Account Register Date Check# Vendor Invoice# Description Code Amount 5/29/2012 29406 Passau,Inc. 5090 Miscellaneous Mowing Various 1,305.00 Mowed week of 5/23 Tax 100-0000-430-4340 89.72 1,394.72 6/6/2012 29403 Paul Bolin n/a Cell Phone Service(Jan-May @$25/mo) 100-0000-430-4332 125.00 125.00 6/4/2012 29402 Anoka County 561 Ironton Property taxes 501-0000-430-4350 954.48 954.48 6/7/2012 29404 Center for Energy&Environment 11008 Loan Origination Fees-Kirwan,6578 McKinley St 265-0000-430-4340 550.00 Remodeling Advisor Visit-Kirwan,6578 McKinley 265-0000-430-4340 130.00 Last Resort Revolving Loan-Kirwan 6578 McKinley 265-0000-127-0000 8,385.00 9,065.00 5/31/2012 28405 HLB Tautges Redpath,Ltd 2011 Audit Completion 100-0000-430-4330 1,500.00 1,500.00 6/11/2012 29406 Passau,Inc 434 Liberty St Clean up 501-0000-430-4340 315.28 315.28 4/25/2067 29406 Passau,Inc. 5090 Miscellaneous Mowing Various 1,305.00 Mowed week of 6/5,6/7 Tax 100-0000-430-4340 89.72 1,394.72 6/15/2012 Monroe Moxness Berg 131081 Administration Fees 100-0000-430-4330 715.00 100-0000-430-4330-4606 2,932.20 3,647.20 6/14/2012 Midwest Fence&Mfg 144396 Repair Fence at 57th Ave&Main Street 100-0000-430-4346 596.00 Sales Tax 100-0000-430-4346 40.97 636.97 6/25/2012 Sevenich,Butler,Gerlach&Brazil,LT 29209 Administration Fees 100-0000-430-4330 1,068.75 100-0000-430-4330-4606 956.25 2,025.00 6/25/2012 Passau,Inc. 5253 Miscellaneous Mowing Various 1,220.00 Mowed week of 6/20,6/21 Tax 100-0000-430-4340 83.88 1,303.88 Total Invoices-June $ 22,362.25 I July,2012 Fridley HRA Accounts Payable Checking Account Register Date Check# Vendor Invoice# Description Code Amount 7/9/2012 Medtronic Pay as you go-Medtronic Mete, r Settlement) 455-0000-430-4536 320,899.60 D 320,899.60 /� V 7/9/2012 Industrial Equities Pay as you go-Industrial Equities( Stlmt) 472-0000-431-4510 51,595.30 51,595.30 6/30/2012 Center for Energy&Environment 11060 Revolving Loan 1508 Ferndale Ave 265-0000-127-0000 12,426.00 Revolving Loan 6270 Comet Lane 265-0000-127-0000 35,000.00 Loan Origination Fees-Bronkhorst&Fischer 265-0000-430-4340 1,100.00 Remodel Advisor Visits-7 265-0000-430-4340 910.00 Installation Verification-Stachowski 265-0000-430-4340 70.00 Marketing Servies through June 265-0000-430-4334 2,865.98 52,371.98 7/10/2012 Ehlers TIF Reporting 100-0000-430-4330 4,387.50 4,387.50 6/25/2012 Passau,Inc. 5253 Miscellaneous Mowing Various 1,220.00 Mowed week of 6/20,6/21 Tax 100-0000-430-4340 83.88 1,303.88 Invoice Total-July $ 430,558.26 • CITY OF FRIDLEY HOUSING AND REDEVELOPMENT AUTHORITY COMMISSION June 7,2012 CALL TO ORDER: Chairperson Commers called the HRA Meeting to order at 7:04 p.m. ROLL CALL: MEMBERS PRESENT: Larry Commers William Holm Pat Gabel Stephen Eggert John Meyer NONMEMBERS PRESENT: Paul Bolin, HRA Assistant Executive Director Becky Kiernan, Accountant William Burns, City Manager Jim Casserly, Development Consultant ACTION ITEMS 1. Approval of Expenditures MOTION by Commissioner Gabel to approve the expenditures as presented. Seconded by Commissioner Eggert. UPON VOICE VOTE,ALL VOTING AYE, CHAIRPERSON COMMERS DECLARED THE MOTION CARRIED UNANIMOUSLY 2. Approval of May 3,2012 Meeting Minutes MOTION by Commissioner Holm to approve the minutes as presented. Seconded by Commissioner Gabel. Commissioner Gabel noted the following corrections: • Page 3, second to last paragraph, last sentence should read; ...buy the parcel it is in our best interest to sell and get the lot developed. • Page 5, fourth to the last paragraph,third sentence should read; ...with the Navy continue. • Page 6, fifth to the last paragraph, first sentence should read; Mr. Bolin said that one was done for a recent audit and staff can share that with the Authority. • Page 7, second paragraph, first sentence should read; Scott Hickok, Community Development Director, said he has talked with both representatives from ... UPON VOICE VOTE, ALL VOTING AYE, CHAIRPERSON COMMERS DECLARED THE MINUTES APPROVED AS AMENDED City of Fridley Housing and Redevelopment Meeting of June 7,2012 2 3. Election of Officers June 2012-June 2013 Paul Bolin, HRA Assistant Executive Director, said that the HRA By-laws require the Commissioners to elect a Chair and Vice-Chair to one-year terms. Staff recommends that the Authority hold an election of a Chair and Vice-Chair. MOTION by Commissioner Holm to nominate Larry Commers as Chair and Pat Gabel as Vice Chair. Seconded by Commissioner Eggert. UPON VOICE VOTE, ALL VOTING AYE, CHAIRPERSON COMMERS DECLARED THE MOTION CARRIED UNANIMOUSLY MOTION by Commissioner Holm to close the nominations. Seconded by Commissioner Meyer. UPON VOICE VOTE,ALL VOTING AYE, CHAIRPERSON COMMERS DECLARED THE MOTION CARRIED UNANIMOUSLY MOTION by Commissioner Holm to approve the election of Larry Commers as Chair and Pat Gabel as Vice Chair. Seconded by Commissioner Meyer. UPON VOICE VOTE,ALL VOTING AYE, CHAIRPERSON COMMERS DECLARED THE MOTION CARRIED UNANIMOUSLY Commissioner Eggert noted that Commissioner Holm's term was up in June. Mr. Bolin said that his term has been extended another five years. 4. Approval of Redevelopment Agreement—551 Hugo Street Paul Bolin, HRA Assistant Executive Director, said that last month the sale of 551 Hugo Street was authorized. Staff is asking the Authority to approve the Redevelopment Agreement that spells out obligations of the builder, acts as purchase agreement, and assures the quality of the home built on this lot. This agreement has been in use for many years and has been reviewed by legal counsel. Staff recommends a motion approving the Contract for Private Redevelopment with Novak-Fleck Builders for 551 Hugo Street. Chairperson Commers noted that the packet did not have some of the attachments; particularly the products that will be used to build the home. Mr. Bolin said that the packet for signature has the house plans and that type of detailed information is attached to it. Novak-Fleck will be using materials such as stone, asphalt shingles, shakes and vinyl siding for exterior products on the home. Chairperson Commers said that usually Commissioner Meyer reviews some of that to ensure it is compatible to what has been done in the past. Mr. Bolin said that the city building staff will go through the plans as well for the building permits. City of Fridley Housing and Redevelopment Meeting of June 7,2012 3 MOTION by Commissioner Holm to approve the redevelopment agreement for 551 Hugo Street. Seconded by Commissioner Gabel. UPON VOICE VOTE,ALL VOTING AYE, CHAIRPERSON COMMERS DECLARED THE MOTION CARRIED UNANIMOUSLY 5. Public Hearing and consideration of Resolution Authorizing Sale of 561 Hugo Street NE MOTION by Commissioner Eggert to open the public hearing. Seconded by Commissioner Gabel. UPON VOICE VOTE,ALL VOTING AYE,CHAIRPERSON COMMERS DECLARED THE MOTION CARRIED UNANIMOUSLY AND THE PUBLIC HEARING OPENED AT 7:19 P.M. Paul Bolin, HRA Assistant Executive Director, said that Boulder Contracting is asking the Authority to sell the parcel for Housing Replacement Program (HRP). The Authority purchased this parcel last August, demolished the home and split the lot. This will be a nice addition to the neighborhood and there has been some reinvestment on this street by other homeowners as well. The home will be a three level split, with an exterior in a mix of stone, shakes and vinyl siding. The home will have a total of two bedrooms and 1 ' bath with a total of 1020 sq. ft. on each floor. The lower level will have room for an additional two bedrooms and a finished 3 bath. n Staff recommends approval of the resolution and contract for redevelopment, authorizing the sale to Boulder Contracting LLC. This home will offer a new investment in the neighborhood and the proposed home design is consistent with HRP Guidelines. Jason Wiehle, realtor representing Boulder Contracting, said that the plan is to get started right away and they can have it staked next week. This home will be built as a spec home but they have had great luck building on infill lots and selling homes before the construction is complete. They are confident to find a buyer and move them in quickly. Commissioner Eggert asked when the construction would be completed. Mr. Wiehle said they estimate 60 days to completion. Commissioner Gabel asked what the sale price would be of this home. Mr. Wiehle answered $179,900. Commissioner Meyer noted that the plans were very detailed and the home should be within the guidelines of the Authority. MOTION by Commissioner Holm to close the public hearing. Seconded by Commissioner Eggert. UPON VOICE VOTE,ALL VOTING AYE, CHAIRPERSON COMMERS DECLARED THE MOTION CARRIED UNANIMOUSLY AND THE PUBLIC HEARING CLOSED AT 7:24 P.M. City of Fridley Housing and Redevelopment Meeting of June 7,2012 4 MOTION by Commissioner Holm to approve the Resolution Authorizing the sale of 561 Hugo Street. Seconded by Commissioner Gabel. UPON VOICE VOTE,ALL VOTING AYE, CHAIRPERSON COMMERS DECLARED THE MOTION CARRIED UNANIMOUSLY 6. Public Hearing and Consideration of Resolution Authorizing Sale of 434 Liberty Street NE MOTION by Commissioner Holm to open the public hearing. Seconded by Commissioner Gabel. UPON VOICE VOTE,ALL VOTING AYE, CHAIRPERSON COMMERS DECLARED THE MOTION CARRIED UNANIMOUSLY AND THE PUBLIC HEARING OPENED AT 7:25 P.M. Paul Bolin, HRA Assistant Executive Director, said that this site is a few blocks south of the other properties that were discussed earlier tonight. This property is located off of a dead end street off of East River Road; it is a nice quiet street. Novak-Fleck has a buyer under a contingent purchase agreement to build a home on this property. This is a custom home and has over 1,400 sq. ft. finished on the main level. The main level will include three bedrooms, two bath with room for two more bedrooms and an additional bathroom on the lower level. Staff recommends approval of the resolution and contract for redevelopment, authorizing the sale to Novak-Fleck builders for a price not less than $30,000. This is a new investment in the neighborhood and the proposed home design exceeds the Housing Replacement Program Guidelines. The builder has experience with infill lots and there is a buyer for this home with a contingent purchase agreement. Dale Anderson,Novak-Fleck Builders, noted that there is a concern making sure there are no appraisal issues. This home will be around$230,000 and they need to make sure the house will appraise correctly or they may have to downsize the home a bit. Chairperson Commers asked if there was a down payment received. Mr. Anderson answered yes,that is correct. Commissioner Holm asked how soon construction could begin. Mr. Anderson answered right away; the home will take two to three months to complete. Commissioner Holm commented that he was impressed with the lot, it is a nice lot. William Burns, City Manager, asked why three different materials were used on one house and why not just use one type of material on one part of the house. Mr. Anderson said that part of the reason is the cost factor, but home designs are created in many different ways and styles vary a lot. The buyer picked this particular look but they have other looks that they are experimenting with as well. A City of Fridley Housing and Redevelopment Meeting of June 7,2012 5 MOTION by Commissioner Gabel to close the public hearing. Seconded by Commissioner ,..� Eggert. UPON VOICE VOTE,ALL VOTING AYE, CHAIRPERSON COMMERS DECLARED THE MOTION CARRIED UNANIMOUSLY AND THE PUBLIC HEARING CLOSED AT 7:32 P.M. MOTION by Commissioner Gabel to approve the Resolution Authorizing the sale of 434 Liberty Street. Seconded by Commissioner Eggert. UPON VOICE VOTE, ALL VOTING AYE, CHAIRPERSON COMMERS DECLARED THE MOTION CARRIED UNANIMOUSLY Mr. Bolin said that they are starting to see homes sell and the private market is picking up. He had talked to a realtor today and an investor told him to buy four homes and he couldn't find any to buy. This supply and demand will generate more interest in the lots the Authority has to sell. Chairperson Commers suggested putting the lots on the city channel to promote and create some interest. He asked how many lots the Authority has available for sale. Mr. Bolin answered 14. Commissioner Eggert asked if many permits for home remodeling were being issued other than roof replacements. Dr. Burns said that he just received the building permit report and would forward that to the Authority. Overall construction is below where the city was last year at this time. Right now the city is several hundred thousand dollars behind last year but big projects are coming up in the near future. Next year, the large Unity Hospital project is coming which is a 75,000 sq. ft. facility. The Cummings project is close to conclusion as well as the Sandy Site. The Sam's Club project for$6.0M was cut in half but is still a sizeable project underway right now. They are putting in a gas station. Chairperson Commers asked how the Cub Foods project was coming along. Dr. Burns said that project is kind of dormant right now. Some soil borings were taken in the liquor store but it is unclear whether financing for the project has been completed. INFORMATIONAL ITEMS 1. Housing Loan Program Update Paul Bolin, HRA Assistant Executive Director, said that one RLF loan and two other loans closed last month which bring the year to date total to four. There were three remodeling advisor visits which bring the total to nine year to date. Commissioner Gabel asked for an aging report. Mr. Bolin said he would distribute that report to the Authority. He noted that the next meeting is scheduled for July 19 at 7:00 p.m. City of Fridley Housing and Redevelopment Meeting of June 7,2012 6 ADJOURNMENT MOTION by Commissioner Eggert to adjourn. Seconded by Commissioner Gabel. UPON VOICE VOTE,ALL VOTING AYE, CHAIRPERSON COMMERS DECLARED THE MOTION CARRIED UNANIMOUSLY AND THE MEETING ADJOURNED AT 7:50 P.M. Respectfully Submitted, 16.4a-17C M6714414 CC° Krista Monsrud Recording Secretary tir ACTION ITEM HRA MEETING OF AUGUST 2, 2012 CRY OF FRIDLEY Date: July 6, 2012 To: William Burns, Executive Directorf / From: Paul Bolin, Asst. Executive HRA Director Subject: Public Hearing - Sale of 381 Ironton Street NE - HRP On June 7th, the Authority authorized the sale of the 561 Hugo Street lot to Boulder Contracting. The Authority and Boulder closed on the lot on June 11th and by June 21st Boulder had found a buyer for the proposed home. The home will be completed by early September and the new buyer will close with Boulder on September 14th. Buoyed by their success in Fridley, Boulder Contracting has submitted a lot reservation agreement to build and sell a new home at 381 Ironton Street. Boulder Contracting made an offer of$30,000 for the lot, a price justified by comparable sales and the City Assessor. The Authority purchased the property at 381 Ironton, with house and garage in June of 2011, for $50,000. The home was demolished in November of 2011. The property is included in the Authority's HRP TIF District. The Authority will collect the increment generated from the new construction for the next 15 years. Using rough numbers, it is estimated this increment will total $1,200 to $1,500 per year to help defray the Authority's investment. .oDtl w ap ids rta VotrIon.fit NI: ; 4" a :• M8p as t+" 021.41Google (Location of Lot) (Home that was demolished) Boulder Contracting plans to build a 1,020 sq.ft. split level home. The home will have 2 finished bedrooms, 1 and 3/4 finished bathrooms and room for additional bedrooms and living space in the lower level. The exterior of the home will utilize a blend of maintenance free materials and will incorporate stone and shakes on the front of the home. It is the same home design that they are building and have successfully sold on --s, Hugo Street. fi . te, r.:. _ s I iLJ �rMi. :ice` 1 E.-:--iriii..—flaiir,,,ii- tr= ,=- ,,,..„-.2_-_!.0, 0 .... ., law osilwrioni .L ,Ilml NMI MB '—. -"—*--- r.,..„„,....--,,,___—..; H ,-...�8f>E ^ice ,WI= - f 1 , '.'I _.� _ : -. 1 i E �f u,. l . i_ t,E+� �:_ 1. `�� 'slt l ! !'el IE.rFt t��Pi—.jii _ � f' �jj \LL .a. v - _' — - . •4 4 i _ _ k t .... .. f W...a ..•ev.♦ v .. 1`.6-.;.14-- ,tV. Boulder Contracting has 23 years of building experience, mostly in the northern suburbs and exurbs. Their contractor's license is current and there are no issues noted in the records of the Department of Labor and Industry. Staff recommends approval of the attached resolution and contract for redevelopment, authorizing the sale of this lot to Boulder Contracting for $30,000. HOUSING AND REDEVELOPMENT AUTHORITY IN AND FOR THE CITY OF FRIDLEY COUNTY OF ANOKA STATE OF MINNESOTA HRA RESOLUTION NO. 2012-a'$ A RESOLUTION AUTHORIZING THE SALE OF RESIDENTIAL PROPERTY BY THE HOUSING AND REDEVELOPMENT AUTHORITY IN AND FOR THE CITY OF FRIDLEY, MINNESOTA BE IT RESOLVED by the Board of Commissioners(the"Commissioners")of the Housing and Redevelopment Authority in and for the City of Fridley, Minnesota(the "Authority") as follows: Section 1. Recitals. 1.01. It has been proposed that the Authority sell certain residential property (the "Property") described below: PIN: Street Address "•••■ 03-30-24-24-0001 381 Ironton St. NE Section 2. Findings. 2.01. The Authority hereby finds that it has approved and adopted a development program known as the Modified Redevelopment Plan for its Redevelopment Project No. 1 (the "Redevelopment Program") pursuant to Minnesota Statutes, Section 469.001 et seq. 2.02. The Authority hereby finds that it has approved and adopted a Housing Replacement District Plan(the "Plan") and created Housing Replacement District No. 1,pursuant to and in accordance with Laws of Minnesota 1995,Chapter 264,Article 5,Sections 44 through 47;Laws of Minnesota 1996,chapter 471, article 7, section 22; Laws of Minnesota 1997, chapter 231, article 10, section 13;Laws of Minnesota 2002,chapter 377, article 7, section 6;Laws of Minnesota 2008,chapter 154,article 9,section 19,and Laws of Minnesota 2010, Chapter 216, Section 42 (collectively"The Act"). 2.03. The Authority hereby finds that it has performed all actions required by Minnesota Statutes for the sale of the Property. 2.04. The Authority hereby finds that the sale of the Property promotes the objectives as outlined in its Redevelopment Program and the Plan. Section 3. Approval of the Sale. 3.01 The sale of the Property is hereby approved for a price of not less than$30,000. HRA Resolution 2012- Page 2 Section 4. Authorization for Execution and Delivery. 4.01. The Chairman,the Executive Director and Assistant Executive Director are hereby authorized to execute and deliver any documents necessary to effect the sale of the Property in accordance with the Authority's Housing Replacement Program. PASSED AND ADOPTED BY THE HOUSING AND REDEVELOPMENT AUTHORITY IN AND FOR THE CITY OF FRIDLEY, MINNESOTA, THIS 2nd DAY OF AUGUST, 2012. LAWRENCE R. COMMERS - CHAIRMAN ATTEST: WILLIAM W. BURNS - EXECUTIVE DIRECTOR /'• CONTRACT FOR PRIVATE REDEVELOPMENT By and Between HOUSING AND REDEVELOPMENT AUTHORITY In and For THE CITY OF FRIDLEY, MINNESOTA And BOULDER CONTRACTING, LLC FOR PROPERTY LOCATED AT 381 HUGO STREET N.E. This document was drafted by: Housing and Redevelopment Authority in and for the City of Fridley 6431 University Avenue N.E. Fridley, MN 55432 CONTRACT FOR PRIVATE REDEVELOPMENT 1st COPY (6-25-2012) THIS AGREEMENT, made as of the day of , 2012 by and between the Housing and Redevelopment Authority in and for the City of Fridley, Minnesota (the "Authority"), a public body corporate and politic organized under the laws of the State of Minnesota and Boulder Contracting, LLC, a corporation organized and existing under the laws of the State of Minnesota (the"Redeveloper"). WITNESSETH: WHEREAS, the Board of Commissioners (the "Board") of the Authority has determined that there is a need for development and redevelopment within the corporate limits of the City of Fridley, Minnesota (the "City") to provide employment opportunities, to provide adequate housing in the City, including low and moderate income housing and housing for the elderly, to improve the tax base and to improve the general economy of the City and the State of Minnesota; WHEREAS, in furtherance of these objectives, the Authority has established, pursuant to Minnesota Statutes, Sections 469.001 et seq. (the "Act"), the redevelopment plan known as the Modified Redevelopment Plan for its Redevelopment Project No. 1 (the "Project Area") which plan, as amended, and as it may be amended, is hereinafter referred to as the "Redevelopment Plan" in the City to encourage and provide maximum opportunity for private development and redevelopment of certain property in the City which is not now in its highest and best use; WHEREAS, in order to achieve the objectives of the Redevelopment Plan and particularly to make specified land in the Project Area and in the Authority's area of operation available for development by private enterprise for and in accordance with the Redevelopment Plan, the Authority has determined to provide substantial aid and assistance to finance public development costs in the Project Area and in the Authority's area of operation; and WHEREAS, the Authority believes that the development and redevelopment of the Project Area pursuant to this Agreement, and fulfillment generally of the terms of this Agreement, are in the vital and best interests of the Authority and the health, safety, morals and welfare of its residents, and in accord with the public purposes and provisions of applicable federal, state and local laws under which the development and redevelopment are being undertaken and assisted; NOW, THEREFORE, in consideration of the premises and the mutual obligations of the parties hereto, each of them does hereby covenant and agree with the other as follows: 2 ARTICLE I Definitions Section 1.1. Definitions. In this Agreement, unless a different meaning clearly appears from the context: "Act" means Minnesota Statutes, Sections 469.001, et seq. "Agreement" means this Agreement, as the same may be from time to time modified, amended, or supplemented. "Authority" means the Housing and Redevelopment Authority in and for the City of Fridley, Minnesota. "Certificate of Completion" means the certification, in a form substantially similar to the certificate contained in Schedule C attached to and made a part of this Agreement, provided to the Redeveloper,pursuant to Section 4.3 of this Agreement. "City" means the City of Fridley, Minnesota, or its successors or assigns. "Construction Plans" means the plans, specifications, drawings and related documents for the construction of the Minimum Improvements that are required by the City for the issuance of its building permit. The Authority shall approve said Constructions Plans before the City issues any building permits. "County" means the County of Anoka, Minnesota. "Date of Closing" means the date or dates set forth in Section 3.1(b). "Event of Default" means an action by the Redeveloper described in Section 7.1 of this Agreement. "Homeowner"means the person(s)who purchase the Project from the Redeveloper. "Minimum Improvements" means the improvements to be constructed by the Redeveloper on the Redevelopment Property as specified in the Construction Plans approved by the Authority and attached to Exhibit D. "Party" means a party to this Agreement. "Permitted Encumbrances" means those encumbrances as defined in Section 8.7 of this n Agreement. 3 • "Project" means the Redevelopment Property and the Minimum Improvements. rte. "Purchase Price" means the sum of Thirty Thousand and No/100 Dollars ($30,000), payable on the Date of Closing. "Redeveloper" means Boulder Contracting, LLC, a Minnesota corporation, and its permitted successors or assigns. "Redevelopment Plan" means the Modified Redevelopment Plan adopted by the Authority in connection with its Redevelopment Project No. 1. "Redevelopment Property" means the real property upon which the Minimum Improvements are to be constructed, which real property is described on Schedule A attached to and made a part of this Agreement. "Redevelopment Property Deed" means a quit claim deed, substantially in the form of the deed in Schedule B attached to and made a part of this Agreement, used to convey the Redevelopment Property from the Authority to the Redeveloper. "Sales Price" means an amount equal to or greater than $140,000 and which is to be used on the certificate of real estate value when the Project is conveyed to the Homeowner. "State" means the State of Minnesota. "Unavoidable Delays" means delays which are the direct result of strikes or shortages of material; delays which are the direct result of casualties to the Minimum Improvements, the Redevelopment Property or the equipment used to construct the Minimum Improvements; delays which are the direct result of governmental actions (except that the City may not create an Unavoidable Delay by virtue of its own action); delays which are the direct result of judicial action commenced by third parties; or delays which are the direct result of citizen opposition or action affecting this Agreement or adverse weather conditions or acts of God. ARTICLE II Representations and Warranties Section 2.1. Representations by the Authority. The Authority represents and warrants that: (a) The Authority is a public body duly organized and existing under the laws of the State. Under the provisions of the Act, the Authority has the power to enter into this Agreement and carry out its obligations hereunder. 4 n (b) The Authority will, in a timely manner, subject to all notification requirements, review and act upon all submittals and applications of the Redeveloper and will cooperate with the efforts of Redeveloper to secure the granting of any permit, license, or other approval required to allow the construction of the Minimum Improvements; provided, however, that nothing contained in this Section 2.1(b) shall be construed to limit in any way the reasonable and legitimate exercise of the Authority's discretion considering any submittal or application. (c) The Authority makes no representation, guarantee, or warranty, either express or implied, and hereby assumes no responsibility or liability as to the Redevelopment Property or its condition (regarding soils,pollutants, hazardous wastes or otherwise). Section 2.2. Representations and Warranties by the Redeveloper. The Redeveloper represents and warrants that: (a) The Redeveloper will purchase the Redevelopment Property from the Authority pursuant to Article III hereof and in the event the Redevelopment Property is conveyed to the Redeveloper, then the Redeveloper will construct the Minimum Improvements in accordance with the terms of this Agreement, the Redevelopment Program and all local, state and federal laws and regulations (including, but not limited to, environmental, zoning, building code and public health laws and regulations). (b) The Redeveloper is a corporation organized under the laws of the State of Minnesota, is authorized to transact business in the State, and has duly authorized the execution of this Agreement and the performance of its obligations hereunder. (c) The financing arrangements which the Redeveloper has obtained or will obtain to finance construction of the Minimum Improvements will be sufficient to enable the Redeveloper to successfully complete the Minimum Improvements as contemplated in this Agreement. (b) The Redeveloper shall prepare the Construction Plans and construct the Minimum Improvements in accordance with all of the appropriate building and zoning codes, as well as House Plans that are shown in Exhibit D and the List of Materials in Exhibit E. (c) The Redeveloper shall have the Construction Plans prepared by an architectural designer or a licensed architect. (f) The Redeveloper shall sell the Project to the Homeowner for no less than the Sales Price. 5 ARTICLE III Conveyance of Property Section 3.1. Conveyance of the Redevelopment Property. (a) Title. The Authority shall, subject to the Permitted Encumbrances, convey marketable title to and possession of the Redevelopment Property to the Redeveloper under a quit claim deed in the form of the Redevelopment Property Deed contained in Schedule B of this Agreement. The conveyance of title to the Redevelopment Property pursuant to the Redevelopment Property Deed and the Redeveloper's use of the Redevelopment Property shall be subject to all of the conditions, covenants,restrictions and limitations imposed by this Agreement and the Redevelopment Property Deed. At its expense, the Redeveloper shall obtain and pay for any title policy and endorsements it deems necessary. The Authority agrees to obtain and shall deliver to the Redeveloper a commitment for an owner's title insurance policy, in the ALTA form requested by the Redeveloper, issued by a title insurance company acceptable to the Authority and Redeveloper, naming the Redeveloper as the proposed owner-insured of the Redevelopment Property in the amount of the Purchase Price (the "Commitment"). The Commitment shall have a current date as its effective date and shall, subject to the Permitted Encumbrances, commit to insure marketable title in the Redeveloper, free and clear of all mechanic's lien claims, questions of survey, unrecorded interests, rights of parties in possession or other exceptions customarily excluded from such insurance. The Commitment shall set forth all levied real estate and special assessments relating to the Redevelopment Property. Said commitment shall have attached copies of all instruments of record, which create any easements or restrictions, which are referred to in its Schedule B. The Redeveloper will be allowed 20 days after receipt of the Commitment to make an examination thereof and to make any objections to the marketability of the title to Redevelopment Property, other than the Permitted Encumbrances, said objections to be made by written notice or to be deemed waived. If the title to the Redevelopment Property, as evidenced by the Commitment, together with any appropriate and available endorsements, is not good and marketable of record(subject only to the Permitted Encumbrances) in the Authority and is not made so by the Date of Closing, Redeveloper may either: (i) Terminate this Agreement by giving written notice to the Authority in which event this Agreement shall become null and void and neither Party shall have any further rights or obligations hereunder; or (ii) Elect to accept the title in its marketable condition by giving written notice to the Authority, in which event the Redeveloper may hold back adequate funds from the portion of the Purchase Price payable at the closing to cure the defects and 6 �-. apply said holdback funds of the cost of curing such defects, including attorneys' fees, and pay the unexpended balance to the Authority. (If the amount of said holdback cannot be mutually agreed to by the Authority and the Redeveloper, the issuer of the Commitment shall determine the amount of said holdback.) (d) Time of Conveyance. The Authority shall execute and deliver to the Redeveloper the Redevelopment Property Deed for the Redevelopment Property on or before August 1, 2012 or on such date as the Authority and the Redeveloper shall mutually agree in writing (the "Date of Closing"). The Redeveloper shall take possession of the Redevelopment Property on the Date of Closing. (c) Price and Payment. The Authority agrees to sell and the Redeveloper agrees to purchase the Redevelopment Property for the Purchase Price. Unless otherwise mutually agreed by the Authority and the Redeveloper, the execution and delivery of all closing documents and the payment of the Purchase Price shall be made either at the principal offices of the Authority or offices of a licensed title company agreed upon by the parties. (d) Taxes and Special Assessments. Real estate taxes due and payable prior to the year of closing shall be paid by the Authority. Real estate taxes due and payable in the year of closing shall be prorated as of the Date of Closing based upon each Party's respective period of ownership in the year of closing. Real estate taxes due and payable in the years subsequent to the closing shall be paid by the Redeveloper. On or prior to the Date of Closing, the Authority shall pay all pending or levied special assessments. (e) Survey. The Authority will not provide a survey. (e) Inspection. At the Redeveloper's expense, the Redeveloper, its agents and designees, are hereby granted the right at any time or times after the date hereof to inspect, analyze, and test the Redevelopment Property. The Redeveloper shall hold the Authority and the City harmless from any liability resulting solely from the entering upon the Redevelopment Property or the performing of any of the tests or inspections referred to in this Section by the Redeveloper, its agents or designees. (f) Permits and Fees. The Redeveloper shall be responsible for all permits and fees including, but not limited to building, electrical,mechanical,plumbing, sewer,water, and park dedication fees. Section 3.2. Conditions Precedent to Conveyance. The obligations of the Authority to convey the Redevelopment Property to the Redeveloper shall be subject to the following conditions precedent: (a) On the Date of Closing, the Redeveloper shall be in material compliance with all of the terms and provisions of this Agreement; 7 (b) The Redeveloper shall have provided evidence satisfactory to the Authority that '~ the Redeveloper is capable of financing or has obtained financing or a commitment for financing sufficient to finance the construction of the Minimum Improvements. The Redeveloper will be deemed to have provided adequate evidence of such financial commitment and ability if the Redeveloper provides evidence satisfactory to the Authority of a mortgage commitment; (c) The Authority and the City shall have approved the Construction Plans; (d) The Redeveloper shall have received the appropriate permits for the construction of the Minimum Improvements; ARTICLE IV Construction of Minimum Improvements Section 4.1. Construction of Minimum Improvements. The Redeveloper agrees that it will construct the Minimum Improvements on the Redevelopment Property in accordance with this Agreement,the Housing Design and Site Development Criteria and the Construction Plans approved by the City and the Authority and will maintain,preserve and keep the Minimum Improvements or cause the Minimum Improvements to be in good repair and condition until sale of the Project to the Homeowner. Subject to Unavoidable Delays, the Redeveloper shall commence construction of the Minimum Improvements on or before August 15, 2012. Section 4.2. Completion of Construction. (a) Subject to Unavoidable Delays, the Redeveloper shall have substantially completed the construction of the Minimum Improvements by December 1, 2012. All work with respect to the Minimum Improvements to be constructed or provided by the Redeveloper on the Redevelopment Property shall be in conformity with the Construction Plans as submitted by the Redeveloper and approved by the City and Authority. (b) The Redeveloper agrees for itself, its successors and assigns, and every successor in interest to the Redevelopment Property, or any part thereof, and the Redevelopment Property Deed shall reference the covenants contained in this Section 4.2 and in Section 7.3 of this Agreement, that the Redeveloper, shall promptly begin and diligently prosecute to completion the redevelopment of the Redevelopment Property through the construction of the Minimum Improvements thereon, and that such construction shall in any event be completed within the period specified in this Section 4.2. 8 Section 4.3. Certificate of Completion. (a) Promptly after completion of the Minimum Improvements in accordance with the provisions of this Agreement relating to the obligations of the Redeveloper to construct such improvements (including the date for completion thereof), the Authority will furnish the Redeveloper with a Certificate of Completion. The Certificate of Completion shall be a conclusive determination and conclusive evidence of the satisfaction and termination of the agreements and covenants in this Agreement and in the Redevelopment Property Deed with respect to the obligations of the Redeveloper to construct the Minimum Improvements and the date for the completion thereof. (b) If the Authority shall refuse or fail to provide the Certificate of Completion in accordance with the provisions of this Section 4.3 the Authority shall, within twenty (20) days after written request by the Redeveloper, provide the Redeveloper with a written statement, indicating in adequate detail in what respects the Redeveloper has failed to complete the Minimum Improvements in accordance with the provisions of this Agreement, or is otherwise in default, and what measures or acts will be necessary, in the opinion of the Authority, for the Redeveloper to take or perform in order to obtain a Certificate of Completion. (c) The construction of the Minimum Improvements shall be deemed to be completed when the City has issued its Certificate of Occupancy; provided that the Authority shall retain the right to withhold the Certificate of Completion in the event that the City's Certificate of Occupancy is issued with conditions, and to continue to withhold the Certificate of Completion until such conditions are fully satisfied. ARTICLE V Real Property Taxes and Insurance Section 5.1. Real Property Taxes. Prior to the Authority issuing its Certificate of Completion, the Redeveloper shall pay when due,prior to the attachment of penalty, all real property taxes payable with respect to the Redevelopment Property in the years subsequent to the delivery of the Redevelopment Property Deed. Section 5.2. Insurance. (a) The Redeveloper will provide and maintain at all times during the process of constructing the Minimum Improvements and, from time to time at the request of the Authority, furnish the Authority with proof of payment of premiums on: (i) builder's risk insurance, written on the so-called "Builder's Risk -- Completed Value Basis," in an amount equal to one hundred percent (100%) of the insurable value of the Minimum Improvements at the date 9 of completion, and with coverage available in nonreporting form on the so-called "all risk" form of policy. The interest of the Authority shall be .� protected in accordance with a clause in form and content reasonably satisfactory to the Authority; (ii) comprehensive general liability insurance together with an Owner's Contractor's Policy with limits against bodily injury and property damage of not less than$2,000,000 for each occurrence (to accomplish the above- required limits, an umbrella excess liability policy may be used); and (iii) workers' compensation insurance, with statutory coverage. (b) All insurance required in this Article V shall be taken out and maintained in responsible insurance companies selected by the Redeveloper, which are authorized under the laws of the State to assume the risks covered thereby. The Redeveloper will deposit annually with the Authority policies evidencing all such insurance, or a certificate or certificates or binders of the respective insurers stating that such insurance is in force and effect. Unless otherwise provided in this Article V, each policy shall contain a provision that the insurer shall not cancel nor modify it without giving written notice to the Redeveloper and the Authority at least thirty(30) days before the cancellation or modification becomes effective. ARTICLE VI r. Prohibitions Against Assignment and Transfer; Indemnification Section 6.1. Representation as to Redevelopment. The Redeveloper represents and agrees that its purchase of the Redevelopment Property, and its other undertakings pursuant to this Agreement, are, and will be used, for the purpose of redevelopment of the Redevelopment Property and not for speculation in land holding. The Redeveloper further recognizes that, in view of(a)the importance of the redevelopment of the Redevelopment Property to the general welfare of the Authority; (b) the substantial financing and other public aids that have been made available by the Authority for the purpose of making such redevelopment possible; and(c)the fact that any act or transaction involving or resulting in a significant change in the identity of the parties in control of the Redeveloper or the degree of their control is for practical purposes a transfer or disposition of the property then owned by the Redeveloper, the qualifications and identity of the Redeveloper are of particular concern to the Authority. The Redeveloper further recognizes that it is because of such qualifications and identity that the Authority is entering into this Agreement with the Redeveloper, and, in so doing, is further willing to accept and rely on the obligations of the Redeveloper for the faithful performance of all undertakings and covenants hereby by it to be performed. 10 /''■ Section 6.2. Prohibition Against Transfer of Property and Assignment of Agreement. Also, for the foregoing reasons the Redeveloper represents and agrees that prior to the earlier of the issuance of the Certificate of Completion or the Termination Date the Redeveloper shall comply with the following: Except for the purpose of obtaining fmancing necessary to enable the Redeveloper or any successor in interest to the Redevelopment Property, or any part thereof, to perform its obligations with respect to constructing the Minimum Improvements under this Agreement, and any other purpose authorized by this Agreement,the Redeveloper has not made or created and will not make or create or suffer to be made or created any total or partial sale, assignment; conveyance, lease, or any trust or power, or transfer in any other mode or form of or with respect to this Agreement or the Redevelopment Property or any part thereof or any interest therein, or any contract or agreement to do any of the same, without the prior written approval of the Authority. Notwithstanding the foregoing, the Redeveloper may transfer the Redevelopment Property to the Homeowner. Section 6.3. Release and Indemnification Covenants. (a) The Redeveloper covenants and agrees that the City and the Authority and the governing body members, officers, agents, servants and employees thereof shall not be liable for and agrees to indemnify and hold harmless the City and the Authority and the governing body members, officers, agents, servants and employees thereof against any loss or damage to property or any injury to or death of any person occurring at or about or resulting from any defect in the Minimum Improvements, except for any loss resulting from negligent, willful or wanton misconduct of any such parties, and provided that the claim therefore is based upon the acts of the Redeveloper or of others acting on the behalf or under the direction or control of the Redeveloper. (b) Except for any negligent or willful misrepresentation or any negligent, willful or wanton misconduct of the following named parties, the Redeveloper agrees to protect and defend the City, the Authority and the governing body members, officers, agents, servants and employees thereof, now and forever, and further agrees to hold the aforesaid harmless from any claim, demand, suit, action or other proceeding whatsoever by any person or entity whatsoever arising or purportedly arising from this Agreement or the transactions contemplated hereby or the acquisition, construction, installation, ownership, and operation of the Minimum Improvements, except for the use of eminent domain if exercised by the Authority to acquire the Redevelopment Property, and provided that the claim therefore is based upon the acts of the Redeveloper or of others acting on the behalf or under the direction or control of the Redeveloper. (c) The City and the Authority and the governing body members, officers, agents, servants and employees thereof shall not be liable for any damage or injury to the persons or property of the Redeveloper or its officers, agents, servants or employees or any other person who may be about the Redevelopment Property or Minimum Improvements due to any act of 11 negligence of any person, other than the negligence and misconduct of the City or Authority employees or those employed or engaged by the City or Authority. .-• (d) All covenants, stipulations, promises, agreements and obligations of the Authority contained herein shall be deemed to be the covenants, stipulations, promises, agreements and obligations of the Authority and not of any governing body member, officer, agent, servant or employee of the Authority in the individual capacity thereof. (e) Nothing in this Section or this Agreement is intended to waive any municipal liability limitations contained in Minnesota Statutes, particularly Chapter 466. • ARTICLE VII Events of Default Section 7.1. Events of Default Defined. Subject to Unavoidable Delays,the following shall be "Events of Default" under this Agreement and the term "Event of Default" shall mean, whenever it is used in this Agreement(unless the context otherwise provides), any one or more of the following events: (a) Failure by the Redeveloper to pay when due all real property taxes assessed against the Redevelopment Property. (b) Failure by the Redeveloper to commence or complete construction of the Minimum Improvements pursuant to the terms, conditions and limitations of Article IV of this Agreement. (c) Failure by the Redeveloper to substantially observe or perform any covenant, condition, obligation or agreement on its part to be observed or performed hereunder. (d) The Redeveloper shall: (i) file any petition in bankruptcy or for any reorganization, arrangement, composition, readjustment, liquidation, dissolution or similar relief under the United States Bankruptcy Code or under any similar federal or state law; or (ii) make an assignment for the benefit of its creditors; or (iii) admit in writing its inability to pay its debts generally as they become due; or 12 ^. n (iv) be adjudicated as bankrupt or insolvent; or if a petition or answer proposing the adjudication of the Redeveloper as bankrupt or its reorganization under any present or future federal bankruptcy act or any similar federal or State law shall be filed in any court and such petition or answer shall not be discharged or denied within ninety (90) days after the filing thereof; or a receiver, trustee or liquidator of the Redeveloper or of the Redevelopment Property, or part thereof, shall be appointed in any proceeding brought against the Redeveloper and shall not be discharged within ninety (90) days after such appointment, or if the Redeveloper shall consent to or acquiesce in such appointment. Section 7.2. Remedies on Default. Whenever any Event of Default referred to in Section 7.1 of this Agreement occurs,the Authority may take any one or more of the following actions after providing thirty days' written notice to the Redeveloper of the Event of Default, but only if the Event of Default has not been cured within said thirty days, or if the Event of Default is by its nature incurable within said thirty day period, and the Redeveloper fails to provide the Authority with written assurances, deemed satisfactory in the reasonable discretion of the Authority, that the Event of Default will be cured as soon as reasonably possible: (a) Suspend its performance under this Agreement until it receives assurances from the Redeveloper, deemed adequate by the Authority, that the Redeveloper will cure its default and continue its performance under this Agreement. n (b) Terminate this Agreement. (c) Withhold the Certificate of Completion. (d) Take whatever action, including legal, equitable or administrative action, which may appear necessary or desirable to the Authority, including any actions to collect any payments due under this Agreement, or to enforce performance and observance of any obligation, agreement, or covenant of the Redeveloper under this Agreement. Section 7.3. Re-vesting Title in the Authority Upon Happening of Event Subsequent to Conveyance to the Redeveloper. In the event that subsequent to conveyance of the Redevelopment Property to the Redeveloper and prior to the receipt by the Redeveloper of the Certificate of Completion: (a) subject to Unavoidable Delays,the Redeveloper fails to carry out its obligations with respect to the construction of the Minimum Improvements (including the nature and the date for the commencement and completion thereof), or abandons or substantially suspends construction work, and any such failure, abandonment, or suspension shall not be cured, ended, remedied or assurances reasonably satisfactory to the Authority made within thirty (30) days after written demand from the Authority to the Redeveloper to do so; or 13 (b) the Redeveloper fails to pay real estate taxes or assessments on the Redevelopment Property or any part thereof when due, or creates, suffers, assumes, or agrees to any encumbrance or lien on the Redevelopment Property which is unauthorized by this Agreement or shall suffer any levy or attachment to be made, or any materialmen's or mechanic's lien, or any other unauthorized encumbrance or lien to attach, and such taxes or assessments shall not have been paid, or the encumbrance or lien removed or discharged or provision reasonably satisfactory to the Authority made for such payment, removal, or discharge, within thirty (30) days after written demand by the Authority to do so; provided, that if the Redeveloper shall first notify the Authority of its intention to do so, it may in good faith contest any mechanic's or other lien filed or established and in such event the Authority shall permit such mechanic's or other lien to remain undischarged and unsatisfied during the period of such contest and any appeal, but only if the Redeveloper provides the Authority with a bank letter of credit or other security in the amount of the lien, in a form satisfactory to the Authority pursuant to which the bank or other obligor will pay to the Authority the amount of any lien in the event that the lien is finally determined to be valid. During the course of such contest the Redeveloper shall keep the Authority informed respecting the status of such defense; or (c) there is, in violation of this Agreement, any transfer of the Redevelopment Property or any part thereof, or any change in the ownership or distribution thereof of the Redeveloper, or with respect to the identity of the parties in control of the Redeveloper or the degree thereof, and such violation shall not be cured within thirty (30) days after written demand by the Authority to the Redeveloper; Then the Authority shall have the right to re-enter and take possession of the Redevelopment Property and to terminate (and revest in the Authority) the estate conveyed by the Redevelopment Property Deed to the Redeveloper, it being the intent of this provision, together with other provisions of the Agreement, that the conveyance of the Redevelopment Property to the Redeveloper shall be made upon, and that the Redevelopment Property Deed shall contain a condition subsequent to the effect that in the event of any default on the part of the Redeveloper and failure on the part of the Redeveloper to remedy, end, or abrogate such default within the period and in the manner stated in such subdivisions, the Authority at its option may declare a tennination in favor of the Authority of the title, and of all the rights and interests in and to the Redevelopment Property conveyed to the Redeveloper, and that such title and all rights and interests of the Redeveloper, and any assigns or successors in interest to and in the Redevelopment Property, shall revert to the Authority, but only if the events stated in Section 7.3(a)-(c) have not been cured within the time periods provided above. Notwithstanding anything to the contrary contained in this Section 7.3, the Authority shall have no right to re-enter or retake title to and possession of any part of the Redevelopment Property for which a Certificate of Completion has been issued. Section 7.4. Resale of Reacquired Property; Disposition of Proceeds. Upon the revesting in the Authority of title to any parcel of the Redevelopment Property or any part thereof 14 r"'i\ as provided in Section 7.3, the Authority shall have no further responsibility to the Redeveloper hereunder with respect to that or any subsequent parcel and may sell or otherwise devote said parcels to such other uses as the Authority shall in its sole discretion determine,without reimbursement of any sums paid by the Redeveloper to the Authority under this Agreement. Section 7.5. No Remedy Exclusive. No remedy herein conferred upon or reserved to the Authority or Redeveloper is intended to be exclusive of any other available remedy or remedies, but each and every such remedy shall be cumulative and shall be in addition to every other remedy given under this Agreement or now or hereafter existing at law or in equity or by statute. No delay or omission to exercise any right or power accruing upon any default shall impair any such right or power or shall be construed to be a waiver thereof,but any such right and power may be exercised from time to time and as often as may be deemed expedient. In order to entitle the Authority or the Redeveloper to exercise any remedy reserved to it, it shall not be necessary to give notice, other than such notice as may be required in this Article VII. Section 7.6. No Additional Waiver Implied by One Waiver. In the event any agreement contained in this Agreement should be breached by either party and thereafter waived by the other party, such waiver shall be limited to the particular breach so waived and shall not be deemed to waive any other concurrent,previous or subsequent breach hereunder. Section 7.7. Agreement to Pay Attorney's Fees and Expenses. Whenever any Event of Default occurs and the Authority or the City shall employ attorneys or incur other expenses for the collection of payments due or to become due or for the enforcement or performance or observance of any obligation or agreement on the part of the Redeveloper under this Agreement,the Redeveloper agrees that it shall, within ten(10) days of written demand by the Authority,pay to the Authority the reasonable fees of such attorneys and such other expenses so incurred by the Authority or the City. ARTICLE VIII Mortgage Financing Section 8.1. Limitation Upon Encumbrances of Property. Prior to the substantial completion of the Minimum Improvements, as certified by the Authority,neither the Redeveloper nor any successor in interest to the Redevelopment Property or any part thereof shall engage in any financing or any other transaction creating any mortgage or other encumbrance or lien upon the Redevelopment Property, other than the Permitted Encumbrances, whether by express agreement or operation of law, or suffer any encumbrance or lien to be made on or attach to the Redevelopment Property, other than Permitted Encumbrances, except: n 15 (a) For the purposes of obtaining funds only to the extent necessary for financing of the Minimum Improvements including, but not limited to, labor and materials, equipment, professional fees, real estate taxes, construction interest, organizational and other indirect costs of development, costs of constructing the Minimum Improvements, an allowance for contingencies, acquisition cost of the Redevelopment Property, costs of originating the Mortgage and customary financing costs. (b) Only upon the prior written approval of the Authority in accordance with Sections 8.1 and 8.2. The Authority shall not approve any Mortgage, which does not contain terms that conform to the terms of Section 8.5, except as provided in Section 8.6 of this Agreement. Section 8.2 Approval of Mortgage. The Authority shall approve a Mortgage if: (a) The Authority first receives a copy of all Mortgage documents. (b) The Mortgage loans, together with other funds available to the Redeveloper, will, in the reasonable judgment of the Authority, be sufficient to acquire the Redevelopment Property and construct the Minimum Improvements. (g) The Authority is not entitled under Section 7.2 to exercise any of the remedies set forth therein as a result of an Event of Default. (h) The Authority determines that the terms of the Mortgage conform to the terms of Section 8.5. However, the approval of a Mortgage by the Authority shall not be unreasonably withheld. Any Mortgage, which is subordinated to the rights of the Authority under this Agreement, may be granted in all or any part of the Redevelopment Property without the approval of the Authority. Section 8.3 Notice of Default; Copy to Mortgagee. Whenever the Authority shall deliver any notice or demand to the Redeveloper with respect to any breach or default by the Redeveloper in its obligations or covenants under this Agreement, the Authority shall at the same time forward a copy of such notice or demand to each holder of any Mortgage authorized by this Agreement at the last address of such holder shown in the records of the Authority. Section 8.4 Mortgagee's Option to Cure Defaults. After any breach or default referred to in Section 8.3, each such holder of a Mortgage shall (insofar as the rights of the Authority are concerned) have the right, at its option, to cure or remedy such breach or default (or such breach or default to the extent that it relates to the part of the Redevelopment Property covered by its Mortgage) and to add the cost thereof to the Mortgage debt and the lien of its 16 ''� Mortgage; provided, however,that if the breach or default is with respect to construction of the Minimum Improvements,nothing contained in this Section or any other Section of this Agreement shall be deemed to require such holder, either before or after foreclosure or action in lieu thereof, to undertake or continue the construction or completion of the Minimum Improvements, provided that any such holder of a Mortgage shall not devote the Redevelopment Property to a use inconsistent with the Redevelopment Plan or this Agreement without the written consent of the Authority. Section 8.5 Authority's Option to Cure Default on Mortgage. Any Mortgage, unless such requirement is waived by the Authority, executed by the Redeveloper with respect to the Redevelopment Property or any improvements thereon shall provide that, in the event that the Redeveloper is in default under any Mortgage authorized pursuant to this Article VIII, the holder of the Mortgage shall notify the Authority in writing of: (a) The fact of the default. (b) The elements of the default. (c) The actions required to cure the default. If the default is an "Event of Default" under such Mortgage, which shall entitle such holder to f", foreclose upon the Redevelopment Property, the Minimum Improvements or any portion thereof, and any applicable grace periods have expired, the Authority shall have, and each Mortgage executed by the Redeveloper with respect to the Redevelopment Property or any improvements thereon shall provide that the Authority shall have such an opportunity to cure the "Event of Default" within such reasonable time period as such holder shall deem appropriate. Section 8.6 Subordination and Modification for the Benefit of Mortgagees. In order to facilitate the obtaining of financing for the construction of the Minimum Improvements, the Authority agrees that it shall agree to any reasonable modification of this Article VIII or waiver of its rights hereunder to accommodate the interests of a holder of a Mortgage, provided, however, that the Authority determines, in its reasonable judgment, that any such modification(s) will adequately protect the legitimate interest and security of the Authority with respect to the Redevelopment Property. Section 8.7 Permitted Encumbrances. The following shall be permitted encumbrances on the title to the Redevelopment Property: (a) Such encumbrances as are mutually agreed to in writing by the Authority and the Redeveloper. r".■ 17 (b) Governmental regulations, if any, affecting the use and occupancy of the Redevelopment Property and Minimum Improvements. (c) Zoning laws of the City, County and State. (d) All rights in public highways upon the land. Reservations to the State, in trust for the tax districts concerned, of minerals and mineral rights in those portions of the Redevelopment Property the title to which may have at any time heretofore been forfeited to the State for nonpayment of real estate taxes. (e) The lien of unpaid special assessments, if any, not presently payable but to be paid as a part of the annual taxes to become due. (f)The lien of unpaid real estate taxes, if any, not presently payable but to be paid as a part of the annual taxes to become due. (g) A Mortgage as permitted under Section 8.2 ARTICLE IX Additional Provisions Section 9.1. Conflict of Interest; Authority Representatives Not Individually Liable. No member, official, or employee of the Authority shall have any personal interest, direct or indirect, in this Agreement, nor shall any such member, official, or employee participate in any decision relating to this Agreement which affects his or her personal interests or the interests of any corporation,partnership, or association in which he or she is, directly or indirectly, interested. No member, official, or employee of the Authority shall be personally liable to the Redeveloper, or any successor in interest, in the event of any default or breach by the Authority or for any amount which may become due to the Redeveloper or successor or on any obligations under the terms of this Agreement, except in the case of willful misconduct. Section 9.2. Equal Employment Opportunity. The Redeveloper agrees that during the construction of the Minimum Improvements provided for in this Agreement that it will comply with all applicable equal employment opportunity and non-discrimination laws, ordinances and regulations. Section 9.3. Provisions Not Merged With Deed. None of the provisions of this Agreement are intended to or shall be merged by reason of any deed transferring any interest in the Redevelopment Property and any such deed shall not be deemed to affect or impair the provisions and covenants of this Agreement. 18 /"N Section 9.4. Titles of Articles and Sections. Any titles of the several parts, articles, and sections of this Agreement are inserted for convenience of reference only and shall be disregarded in construing or interpreting any of its provisions. Section 9.5. Notices and Demands. Except as otherwise expressly provided in this Agreement, a notice, demand, or other communication under this Agreement by either party to the other shall be sufficiently given or delivered if it is (1) dispatched by registered or certified mail, postage prepaid, return receipt requested, (2)transmitted by facsimile, (3) delivered by a recognized overnight courier or(4) delivered personally; and (a) in the case of the Redeveloper, is addressed to or delivered personally to the Redeveloper at 2322 171st Lane, Ham Lake, Minnesota 55304, Attention:Mr. Jansen; (b) in the case of the Authority, is addressed to or delivered personally to the Housing and Redevelopment Authority in and for the City of Fridley at 6431 University Avenue Northeast, Fridley, Minnesota, 55432, Attention: Assistant Executive Director; or at such other address with respect to either party as that party may, from time to time, designate in writing and forward to the other as provided in this Section. Section 9.6. Counterparts. This Agreement may be executed in any number of counterparts, each of which shall constitute one and the same instrument. r Section 9.7 Termination. This Agreement shall terminate upon the Authority issuing its Certificate of Completion or in accordance with the provisions of Article VIII and the discharge of all of the Authority's and Redeveloper's other respective obligations hereunder, but no such termination shall terminate any indemnification or other rights or remedies arising hereunder due to any Event of Default which occurred and was continuing prior to such termination. IN WITNESS WHEREOF, the Authority has caused this Agreement to be duly executed in its name and behalf and the Redeveloper has caused this Agreement to be duly executed in its name and behalf on or as of the date first above written. 19 Dated: HOUSING AND REDEVELOPMENT AUTHORITY IN AND FOR THE CITY OF FRIDLEY, MINNESOTA By Its Chairperson And by Its Executive Director STATE OF MINNESOTA ) ) ss. COUNTY OF ANOKA ) On this day of , 20 before me, a Notary Public, personally appeared Lawrence R. Commers and William W. Burns to me personally known and who by me duly sworn did say that they are the Chairperson and Executive Director, respectively, of the Housing and Redevelopment Authority in and for the City of Fridley, Minnesota, a public body corporate and politic organized under the laws of the State of Minnesota, and acknowledged the foregoing instrument on behalf of said Authority. • Notary Public My Commission Expires: Authority Signature Page -- Redevelopment Contract 20 �-� n Dated: Boulder Contracting, LLC. By Its STATE OF MINNESOTA ) ) ss. COUNTY OF ) On this day of , 20 before me, a Notary Public,personally appeared to me personally known and who by me duly sworn did say that s/he is the of Boulder Contracting, LLC., a Minnesota corporation, and acknowledged the foregoing instrument on behalf of said corporation. Notary Public My Commission Expires: Redeveloper Signature Page -- Contract for Private Redevelopment n 21 SCHEDULE A DESCRIPTION OF REDEVELOPMENT PROPERTY Address: 381 Ironton Street PIN: 03-30-24-24-0001 Legal: THAT PRT OF LOT 8 REV AUD SUB NO 103 DESC AS FOL: COM AT A PT ON W LINE OF LOT 21 SD AUD SUB 33.63 FT S OF NW COR OF SD LOT 21, TH W 160 FT TO POB, TH S PRLL/W SD W LINE 134.27 FT+OR- TO S LINE OF SDLOT 8, TH W ALG SD S LINE 92 FT, TH N PRLL/W SD W LINE OF LOT 21 134.27 FT+OR- TO S LINE OF LOT 20 SD AUD SUB, TH E ALG S LINE OF SD LOT 20 &'ITS ELY EXTN 92 FT TO POB, SUBJ TO EASE OF REC • 22 n SCHEDULE B REDEVELOPMENT PROPERTY DEED STATE DEED TAX DUE HEREUNDER$ THIS INDENTURE, made this day of , 20 , between the Housing and Redevelopment Authority in and for the City of Fridley, Minnesota, a public body corporate and politic under the laws of the State of Minnesota (the "Grantor"), and Boulder Contracting, LLC., a corporation organized under the laws of the State of Minnesota (the "Grantee"). WITNESSETH, that Grantor, in consideration of the sum of One Dollar ($1.00) and other good and valuable consideration the receipt whereof is hereby acknowledged, does hereby convey and quit claim to the Grantee, its successors and assigns forever, all the tract or parcel of land lying and being in the County of Anoka and State of Minnesota described as follows: THAT PRT OF LOT 8 REV AUD SUB NO 103 DESC AS FOL: COM AT A PT ON W LINE OF LOT 21 SD AUD SUB 33.63 FT S OF NW COR OF SD LOT 21, TH W 160 FT TO POB, TH S PRLL/W SD W LINE 134.27 FT+OR- TO S LINE OF SDLOT 8, TH W ALG SD S LINE 92 FT, TH N PRLL/W SD W LINE OF LOT 21 134.27 FT +OR- TO S LINE OF LOT 20 SD r AUD SUB, TH E ALG S LINE OF SD LOT 20 &ITS ELY EXTN 92 FT TO POB, SUBJECT TO EASEMENTS OF RECORD, ANOKA COUNTY,MINNESOTA. PIN: 03-30-24-24-0001 together with all hereditaments and appurtenances belonging thereto, subject to all conditions, covenants, restrictions and limitations imposed by: (a) the Contract for Private Redevelopment By and Between the Housing and Redevelopment Authority in and for the City of Fridley, Minnesota and Boulder Contracting, LLC., dated , 20 (the "Contract") and (b) all matters of record. Grantor covenants and represents that: Grantee has committed to construct certain improvements pursuant to the Contract and Grantor has a right of re-entry in accordance with Sections 4.2 and 7.3 respectively of the Contract. Title is conveyed hereby subject to the following conditions subsequent: In the event that Grantee defaults on its obligations in the Contract and fails to properly cure said default, Grantor may declare a termination of all right, title and interest conveyed herein and all right, title and interest in the premises described above in this deed reverts to Grantor. Upon performance of Grantee's obligations in the Contract, including completion of the improvements, the release of the right of re-entry and n 23 reverter shall be evidenced by the recording of the Certificate of Completion and Release of Forfeiture attached as Exhibit 1 to this deed. The Grantor certifies that the Grantor does not know of any wells on described real property. IN WITNESS WHEREOF, the Grantor has caused this deed to be duly executed in its behalf by its Chairperson and its Executive Director the day and year written above. HOUSING AND REDEVELOPMENT AUTHORITY IN AND FOR THE CITY OF FRIDLEY, MINNESOTA By Its Chairperson And by Its Executive Director STATE OF MINNESOTA ) ) ss. COUNTY OF ANOKA ) On this day of , 20 before me, a Notary Public, personally appeared and to me personally known and who by me duly sworn did say that they are the Chairperson and Executive Director of the Housing and Redevelopment Authority in and for the City of Fridley, Minnesota, a body corporate and politic under the laws of the State of Minnesota, and acknowledged the foregoing instrument on behalf of said Authority. Notary Public My Commission Expires: Property Tax Statements should be sent to: 24 n SCHEDULE C CERTIFICATE OF COMPLETION AND RELEASE OF FORFEITURE WHEREAS, the Housing and Redevelopment Authority in and for the City of Fridley, Minnesota, a body corporate and politic under the laws of the State of Minnesota (the "Grantor"), by a Deed recorded in the Office of the County Recorder and/or the Registrar of Titles in and for the County of Anoka and State of Minnesota, as Deed Document Number(s) and , respectively, has conveyed to Boulder Contracting, LLC., a Minnesota corporation organized under the laws of the State of Minnesota (the "Grantee"), the following described land in County of Anoka and State of Minnesota,to-wit: THAT PRT OF LOT 8 REV AUD SUB NO 103 DESC AS FOL: COM AT A PT ON W LINE OF LOT 21 SD AUD SUB 33.63 FT S OF NW COR OF SD LOT 21, TH W 160 FT TO POB, TH S PRLL/W SD W LINE 134.27 FT+OR- TO S LINE OF SDLOT 8, TH W ALG SD S LINE 92 FT, TH N PRLL/W SD W LINE OF LOT 21 134.27 FT+OR- TO S LINE OF LOT 20 SD AUD SUB, TH E ALG S LINE OF SD LOT 20 &ITS ELY EXTN 92 FT TO POB, SUBJECT TO EASEMENTS OF RECORD,ANOKA COUNTY,MINNESOTA. PIN: 03-30-24-24-0001 /'■ WHEREAS, said Deed contained certain covenants and restrictions, the breach of which by Grantee, its successors and assigns, would result in a forfeiture and right of re-entry by Grantor, its successors and assigns, said covenants and restrictions being set forth in said Deed; and WHEREAS, said Grantee has performed said covenants and conditions insofar as it is able in a manner deemed sufficient by the Grantor to permit the execution and recording of this certification; NOW, THEREFORE, this is to certify that all building construction and other physical improvements specified to be done and made by the Grantee have been completed and the above covenants and conditions in said Deed have been performed by the Grantee therein and that the provisions for forfeiture of title and right to re-entry for breach of condition subsequent by the Grantor therein is hereby released absolutely and forever insofar as it applies to the land described herein, and the County Recorder and/or the Registrar of Titles in and for the County of Anoka, State of Minnesota is hereby authorized to accept for recording and to record this instrument, and the filing of this instrument shall be a conclusive determination of the satisfactory termination of the covenants and conditions of the contract referred to in said Deed, the breach of which would result in a forfeiture and right of re-entry. n 25 Dated: , 20 . HOUSING AND REDEVELOPMENT AUTHORITY IN AND FOR THE CITY OF FRIDLEY, MINNESOTA By Its Chairperson And by Its Executive Director STATE OF MINNESOTA ) ) ss. COUNTY OF ANOKA ) On this day of , 20 before me, a Notary Public, personally appeared and to me personally known who by me duly sworn, did say that they are the Chairperson and Executive Director of the Housing and Redevelopment Authority in and for the City of Fridley, Minnesota, a body corporate and politic under the laws of the State of Minnesota, and acknowledged the foregoing instrument on behalf of said Authority. Notary Public My Commission Expires: 26 n SCHEDULE D HOUSE PLANS Full size house plans are attached. 27 SCHEDULE E LIST OF BUILDING MATERIALS 28 Form Appr it ve VETERANS ADMINISTRATION,U.S.D.A.FARMERS HOME ADMINISTRATION,AND 'raOMB or 2502-0vad U.S.D HOUSING-FEDERAL HOUSING COMMISSIONER SDEVELOPMENT (For accurate register of carbon copies,form may be separated along above fold. Staple completed sheets together In original order.) oposed Construction DESCPIPTinti OF MATERIALS No. :10'zmrsredbyFEA,VAorFmbTA) P'...\ 0 Under Construction State ,oe'Ve l Property address ._ — - City"7r_._'— Mortgagor or Sponsor mama) (Addles) C E7/5 -�°-✓i ,Z_ Contractor or Builder �� /4'1 C.c� e.,,,,,,-7 ,e. ,1 r, i'/c 44.4? ° -�� e"/ (Name) (Addces) ,i'— ti, 9//i INSTRUCTIONS 1. For additional Information on how this form is to be submitted, unless 3.required,ottse specifically minimum abed or shown will will assumed.nt be n dr red number of copies,etc.,seethe instructions applicable to the HUD Applica- une unless i m then the minim m cannot be considered unless specifically Wok xtion for Mortgaee Insurance VA Request for Determinadon of Reasonable described Value,or FmHA Property Information and Appraisal Report,as the case 4.Include no alternates,"or equal"phrases,or contradictory items. maybe. (Consideration of requestforacceptance ofsubstttute materials orequip- 2. Describe all materials and equipment to be used,whether or not meat is not thereby precluded) shown on the drawings,by marking an X in each appropriate check-box 6.5. Theconstruction Include signatures req re ed completed at the en of compliance with the re- this form. and entering the information called for each space.if space is inadequate, in enter"See misc."and describe under Item 27 or on an attached sheet sped drawings n include phis Description,as of amended and tgieap processing..The THE USE OF PAINT CONTAINING MORE THAN THE PERCENTAGE OF mum Property Standards. _ LEAD BY WEIGHT PERMITTED BY LAW IS PROHIBITED. -I. EXCAVATION: c ,:,-7/49.c. r%���s , Beating 5011.type •d.. 2. FOUNDATIONS: e-',.-P7 d': '' 1 .Cr E' ;strength psi `> E guotorang 1'-_c tae•/°- r �/keinfoning Footings:conaeta miz r t' Foundadeewalk rna[edal / '`°� i f_'G �. Party foundation wall Interior foundation m material walk material Piers material and reinforcing Cotnmrs material and saes - Sys material Girders material and sots t _ !�-1,i,.;A t Y�t:.%!F !rZWindow areaways :.ran �i i. �0•� °l Basement entrance areawayoG'a o :.<-" • Footing drains Pi'"r Wate[proofmg Termite protection '6�.'- :tormdation was Basementlass spa=ground cover AAfc A. ;insulation Special foundations '�-- hi ,747.:,-;,"/d ,747.:,-;,"Additional information: f"1 3. CHIMNEYS: Material Preiabricated(make and size) ,t5;1--P- Flue Heater tine size,(make,and she) �. Fireplace flue size. Flues(materiala al '``s o` •/l" Feats(material andsize)-gas or off heater Jar'e..'- .5/.....1., e•�,v yr."f� ;water beater �%C•fir e Additional information 4. FIREPLACES: Ash dump and rJe2noot Type 0 solid fuel:0 gas b�6 effr�lg6r rake and size) ,mangy r c ;�g ;hearth Fireplace facing . Additional infotmatioa: 5. EXTERIOR WALLS: d 3 a•`4'' Building paper or felt i v" ••- Z--.• 0 Corner bracing g pap i Wood hare:wood grade,and spears Sheathing <. I'? ;tllickeess .116'16 ;width :( solid;„0 spaced "o.e.0 dingo're y,a,G';p ';fastening 1t� Siding g r a.: l ;grade or tF�' ;type r.,,6 lj)'_...e_-.L.-IL. `r[. ':festenin6 I�fl t� d S Zf jA"� de t;:';,'ci ;type "__��.' ;s°o nsme grade r -'-�-°' a ;weight. Ib. Sturm I' t G',t�-,�1� >[b"k� nth �� Base flashing. Masonry veneer ";facing material °:facing thickness Masonry: solid 0 faced❑stuccoed;Backup t material s ;thickness ";bonding Backup material Base flashing Window sis Lintels - . Door sills ;mr[ing Interior surfaces:dampproofing, coats of Additional informtion ;number of coats Exterior painting:material . Cabin wall consaucdon 0 same as main walls,0 other nom-traction ` ' E. FLOOR FRAMING:and G: '�'k.0 ,17:5 other 22a-rl E':t- ;bridging. . e_.. C' .�r 1• J.3> 1 P..•n :anchors Joists wood,grade, species ;d»clmcs �� Concert slab;X basement floor,0 first floor,0 ground supported;0 self-supporting( mix ;membrane F r.,:-..4%.±, t== r'! reinforcing ;insulation Swr C1` ;thickness }if "'Additionalimormation: Fill under dab material <. • T. SUEFLOORING:(DeI&ibe undderllooring for special floors under em 21.) - - - �e;type Material'grade and species 1:```t 4.:°"''0'fr'`� Iaid:Xfar.floor,❑second floor,❑attic c ft 7_. sq.ft;0 diagonal;0 right angles Additional information • S. FINISH FLOORING:(Wood only.Describe other finish flooring under item 21.) P,\ Location Rooms I Grade Species hickness Width Bidg.Paper Finish First Boor r' I I-- Second floor 111111111111111116WAIN 1 Attic floor • sq.ft .111111 Additional information: Previous Edition May be Used Until Supply Is Exhasuted DESCRIPTION OF pATEERIS (6-79) VA Form 26-1852,Form FmHA 424-2 Form 8216 DESCRIPTION OF-MATERIALS • , . . . 9. PARTITION FRAMING: ...:-- • Z.7:4 _5--,= —2 .,-- 4: - Other Studs wood,grad;and species - r- op.,and pacing• • '-'• "- Additional information: P,- "-..,--. •- , 10. CEILING FRAMING: ..--, f . 2> r-`4-2.14. Joists wood,grade,and species '..? 5 oth, ef, e"ea,,,,le, Bridging Additional infommtion: 11. ROOF PRAISING: . Rafters:woori,grade,and species AlL'›c..;c'''5 Roof trusses(see detail):grade and species -•••- .• Additional information: 12. ROOFING: e-‹ hea ---(,,--d 6 o f 2 Shngwood ' - Roofing - - ;grade sze aA3 if --f ;type Underlay SA.% resAire.?:._ Is....c e 4,-7.,..1.-‘ ;weight or thickness. 1/4"-K-0. ;she ;fastening Built-up roofing ;number of plies ;=facing material • Flashing:material 1 5 ;gage or weight ;0 gravel stops,0 snow guards Additional information: 13. GUTTERS AND DQWHSPOUTS: • Gaiters material tiela'NA 70"..t.te,.., ;gage or weight 14"..5- ;eau e.) i, .i4.-e....„...., ;straps L'7%.: Downspouis material s•-S,s-..'s a' s"ses--...._-,_ ;gage or weigh( ••157.-- ;size =".5‘ ;shape :4•••(' ;number i Downspouts connected to:0 Storm sewer;0 sanitary sewer;0 drprell. 0 Splash blocks materialand size Additional information )...t't.Li. h a...i-k--;:-....t.a\CL,L.47... --3 14. LATH AND PLASTER: ') 1 -, . . lath 0 walls, 0 csalingu material i''' i ' ;weight or thickness Y 7-- Plaster coats 3 finish ""r- t?•••••(---'1, Dry-wet:db.-walls,0 miring=material it)r%AA;.;7••t1r.‘ ;thickness S'--2.,' ;finish Joint treatment 15. DECORATING:(Paint,wallpaper,etc.) Rooms Wail and Finish Material and Application reiliog Finish Material and Application Kitchen ers Bath t '- ''s • es, Other Additional information: 116. INTERIOR DOORS AND TRIM: i Doom type - .-....' '''. S').. C c-....*I.L ;materiel tr;C--)A-- ;thickness '''' j 2" Dom uim type r.0.,,.....:k‘.....-1,mete,*.1 __...- ;Bast type Pr 6,1-al. 1 ;material e:-. e'et..- ;size , -,c..'E Finish:doors ,--(2-,....■::•oeor.-i — 17....14•;-,k.? e• -.e'i....;.;trim 4.;'irsz" .- SZe',.11 - (/ C-*e_ Other trim(dsm Vpe rod location) t..\:•.'s,-.:-.)•C:,„-:, . :,:.... C4,...;,-;,•-..., ,c;k-:t.•, 6.7:::-‘;et Cc....V:. Additional information: 17. WINDOWS;' i window,type 11.;"%".51\i‘t-f■ '44 i."C6:Nrieeke i.J ....-i,rs,,!4! ;matenal 1,.''''.--3- ;sash thickness Glass:grade , S . ;171••sash weights;0 balances,type ;bead flashing sr S Trim:type :;"7.7.e, .E._ ;material CC-.'la- Paint ;number or coats '5 Weatherstripping type Fe-.it.t-- ;material ilL.:... ,ii.---....,..:-... Stoma sash,number b. Screcuslg frith 0 halt type ;number ;serum cloth material Basement windows type ‹,e.--svv",iF. ;material '''si"-- ', ;serums,number I-2, ;Storm sash,number Special windows . Additional informatios - - -- , • 18. ENTRANCES AND EX7ERIOR DETAIL: 3 .... Main entrance door:material -.):Pr---e--It ;width- - • ;thickness_.L.J._".Framer material ii•-•4"-1 ;thickness Other entrance doors:material 5+-e e t ;with:52 n ;tidal=—12--IL".Frame:material UsIt'a".1-i ;thickness 2-jk ...7 1.16 Head flushing yi:-.. Wearbeastrippiom type rr-- ;saddles ,,,-,.. Screen doors thickness ";number ;scram cloth material Storm doors thickness ";number Combination storm and screen doors thickness ";cumber ;screen cloth material Shutter 0 hinged;0 fixed.Railings ,Attic louvers e.,e. ?--.• .----.....,-. Exterior melworis grade and species '''s 4-, Ir"-• i ir s Ars. Paint 44,,,z4---6i ea i....-1 Atnurnber coats 1-- Additional information: 69. CABINETS AND INTERIOR DETAIL:, i Kitchen cbines,wall units material D' ' ..6 ie_:•:'au c*:czeves 2-C ;shelf width ,it ....•Z..._1 • Base units material c 0./c'-n icsN- ' ;counter top Pa---A.,;,.., — :edging i..1/..„r‹.. Back and end splash _ 1:1::r`h icier- Finish of cabinets 5 tn.vrs-5.->in(—i 2*number coats --3 Medicine cabinets make '"I'C ;model Other cabinets and built-in furniture,- .. Additional information: tt:::...4"-c- il-r2 C, A. .t- te.i.,\,.,i 20. STAIRS: Treads Risers Sizings Handrai Musters Stair Material Thickness Material Thickness Material Size Material Size Material .Size Basement 1 cv.(173,,r I`14-4 illifarilIFIVIIIIIRRIEMINEW12111FMIZEIES . Main I - ,4 '''' . 1110A111117.1M11112511111MIEMINMIMMIIIIIIVIM I ii._ Auk I" MIMI Disappmuingr make and model number Additional intimation: IUD-92005(6-79) 2 VA Form 26-1852,Form FmHA 42.4-2 ' \ _ gbr�old wattaasa r Malarial,Color,Horde:,Sipe,Gage,Pte ---- I Material Materiel lderf iel Location 1y: ,� Kitchen i-t%sify)-- �i,;:-.i,.(N., ki, 6,N..:e:•..,.. "��, }-•G„r'3.. 71•.I`( oBait ! t'.L..w.,, 1,;1....:N. 1 • `i r....-• rL t Heig�hhtt Over Ea�rc In Show= �,, Material,Color,Border,Cap,Sizes,Gage,Etc. > tab (From Floors) Location o Bath 4;1.4,...,1 'ices=.�.; �.' t-e' it imilinimmi..............m0 6 Bathroom armories:❑Recessed;materiel ;number ;0 Attached;material ;number Additional information 22. PLUMBING; Harare ® Location Make Mfr's Fixture Identification No. !t,ry Sire Color Sink M AI 7))-C..+• i "1'..a, 7 1.-ir- ka.a c %;s.: •- Water closet 111 =° • .j'e•", _ aC.:�ac3 Bathtub Shower over orb A , Staff shower A ■ii Laundry trays of iiiiii _— A ,:cluram rod A ❑Door ❑Shower pan:material Water supply:"� public 0 community system;0 individual(private)system.* Sewage dispasah.$.paths 0 community system;❑individual(private)system.* *Slow and describe ixdh'idual system in complete detail in separate drawings and specifications according to requirements. .. House drain(inside):❑cast iron;0 Olt❑other P C-- House sewer(outside❑maims;0 the❑other • Sffi cocks,number Water piping.0 galvanized steel; copper tubing;❑ 4 f c}c„ii c-.. l� (� %i`t make and model +� Domestic water beater type e ;rapacity "�2° gallons. h 100°rise.Storage tank:materiel 0 gpb. Gas;doing. lousebeatbag. .i Gas service: utility company, ❑liq.pet gas;❑other P'''-' make and model .44-8":„11. -'s `�•?c.'1:-c li I -..�. = 3 Footing drains connected to:0 storm sewer, ❑sanitary sewer;0 dry well.Sump pump; capacity ;discharges into 23. IIEATI@Iiia rr'N, 0 Hot water.0 Steam.0 Vapor.❑One-pipe system.❑Two-pipe system. 0 Radiators. 0 Convectors.0 Baseboard radiation.Make and model Radians panel;0 floor;❑wall;0 ceiling.Panel cod:material . ;txpadry gpm. 0 Circulator.❑Return pump.Make and model Ontpnt Rath.;net rating gpm. Bola:make and model Additional infarmatiom _ . ✓F a f Warm air.❑Gravity.1es,Forced.Type system [`fix ;Insulation 4;`”} thickness '- ' Ou)side air intake. re Duty material:supply ,:.---e-.7.I '■� rewn = *4 f t Bah:,output r :3`f I Btub. Furnace make and model J �. f E�.�p., 4dditioml information: ' "'°6 . ❑Space Eater,0 floor huoacx 0 wall beater.Input Btub.;output Btuh.;number of units • Make,model Additional information: Controls.make and types Additional infomratioa ;storage capacity Fuel:❑Coal;❑e1;( °e;❑liq.pea gas; ❑electric,❑other Additional information: Firing equipment furnished separately:0 Gas burner,conversion type.❑Stoker.hopper feed 0;bin feed 0 Oil buster 0 pressure atomizing❑vaporizing Make and model COntrol Additional information Ele,,zic',smiling rya=type Input watt @---.--_volts;output_--_ —Bab. Additional information �J �� (� �' tjin not attic fan,make and model _ ` ' ' - ...it,Ventilating equipment `v 4 6. •( kitchen erharssr fan,make and model 4l' I•'rrl a '-� b'er,F'l u£ a ;i -zy Other beating,ventilating,or coaliueqaui�pmen2 c _ i r`f s lc.- <,,�,ft,� `0:S4,A` tr'�r E'o,1.-jam J � .�C-4i;'�. e \ 24. ELECTRIC WIRING: l( ?..:7' Ahg•s �f`� No.circuits i Service:0 overheat r uodergrouad Panel:$fast box; ❑nrcuit brenker3,�.rfeke Wiring:" coudnit;0 armored cable❑knob andtnbe 0 other r` C'�,.-7Cj°s' Special outlets Mans range 0 water beater;0 other _ r J DoorbelL❑Chimes.Posh-button locations /'7- e7 I 194e`-''"� Addid6nal information: 2S. LIGHTING FIXTURE -a f ^. Total number of fixtures I > Total allowance for fixtures,typical installation,$ P--■ Nontypical installation Additional inhumation /7' DESCRIPTION OF MATERIALS HUD-92005(6-79) 3 VA Form 26-1852,Form FmHA 424-2 • DESCRIPTION OF MATERIALS 26. INSULATION: • Location Thickness Material,Type,andffiethod of Installation I �p,,�+ /44 _ Vapor Barrier Roof j/���� `f'i .2= Slv'.c-:i.."i �� . Ceiling ...G-1Tj E'= , ' C Wall ,.JF ,cE /-.5,n /f5 p b ( C ei Floor _lie -i V' 'ifs ter)�-- M �\ 27. CIIISCELLANEOUS:(Describe any main dwelling materials,equipment,or construction Hems not shown elsewhere;or use to provide additional infotmatlon where the space provided was inadequate. Always reference by Item number to correspond to numbering used on this form.) -d ) F z"® /7,r e'!yr - 4)r-.` & r�"do ..�'? a!G'C% P .e-er-'F" e°'e r-p:;- /-4,-'..;i7 %1 [7cf /. ,`.1 ev�n _ F. • HARDWARE:(make,material,and finish.) ie�+ei": Se- SPECIAL EQUIPMENT:(State material ormake,model and quantity. Include only equipment and appliances which are acceptable by local law, custom and applicable FHA standards. Do not include Hems which,by established custom,are supplied by occupant and removed when he vacates premises or chattles prohibited by law from becoming really.) )4 i-d".l #-r/ P • }i; PORCHES: t ----•e e F'7,e i'e 0-1—e ad IC- -Ch. "c' — rr * L • �CC.,^,,,%G;� ,( TERRACES: - • • GARAGES: WALKS AND D iR°�I Er G W AYS: r 0 ,Driveway.width-� `--_'� ;•dose material 04-51' r±o =Wild '4.-/� Ness r Front walk width material al �--z -;this� A Vim_ Service walk width •material eC^,.oet Ihidmea ";3 Step material- ( L Sa ';risers r .Cheek walls OTHER ONSITE IMPROVEMENTS: (Specify all exterior onsite' {I improvements not descri bed elsewhere,including items such as unusual grading,drainage structures,retaining wails fence railings,pa all and accessory struptures.) ,v e/7 '' a ,--,-..n.c. LANDSCAVING, PLANTING, AND FINISH GRADING: • _ Topsoil �:.:+e'y1 c4" Tawas feted: y S k.(❑ yard ! *a, and r yard to � feet behind main building. Planting:[] '`' -��` •l ; side yards—TC°•� rear yard-- ,e- Z�cifid and shown on dmwiags 0 as follows; Shade trees,,deciduous Low Do "caliper. Evergreen trees. flowering t es,deciduous, •r"1 'to to__�_',B&B. rrglt growing shrubs deciduous, [/ Evergreen shrubs. to B&B. Medium-growing shrubs,deciduous, �� ' 1-i- Wines 2 year Low-growing shrubs,deciduous, 'to (dentfiWYOa.—This emiyit shell be identified by the signature of the bm7dcr,or sponsor,and/or the proposed mortgagor if tlu er known at the Ewe of*Amami.Date 4-1 2. -/Z, Signature ., - �,�,..,,--- if• F y Signature s: - DESCRIPTION OF MAT :•LS 4E HUD-92005(6-7e) t ''' V 0.Fncm 26-18S2,Fcm,FmHA 424-2 IL ACTION ITEM HRA MEETING OF AUGUST 2, 2012 crrY OF FRIDLEY Date: July 25, 2012 kt(31 To: William Burns, Executive Director . From: Paul Bolin, Asst. Executive HRA Director Subject: Change to Development Agreement - 434 Liberty Street NE - HRP In June the Authority sold the lot at 434 Liberty Street to Novak-Fleck Builders (NFB), for what was to be a custom built home. The custom built home did not appraise high enough for the banks to finance the mortgage on the propert y. With all of the upgrades their buyer wanted, the home came in with a cost of $225,000. The bank appraiser has put a value on the lot and proposed home of only $205,000. Novak's buyer was not willing/able to put the money into the property to cover the gap caused by the appraisal. NFB has proposed building a home nearly identical to the picture below. NFB recently finished the pictured home, in Crystal, and say it is a design and price point ($179,000 - $189,000) that will appraise. The newly proposed home meets/exceeds all of the requirements of the HRP and will be a nice addition to the neighborhood. The home to be built on Liberty will have a 3 car garage as shown on the attached plans. �x`� .aizmay..vd,.v.xuw+'%5 4 ,�}" .�J' �� .ee£rt4' ' =V'¢T� '; h'�3�% � fi- .> Staff recommends lea motion amending the existing development agreement by replacing "Schedule D - House Plans" with the new home design plans attached to this memorandum. 7 k ■ 1 y i , III I I 1 fir\ it V II'' '� ,, 'H 1 ill 11;111, /if Q° 4 1 `I �111. I I �1 II III IN �1J I _ I II 1I !I11 1•11E1 I : 1 - I ••IMI I� = 111111 L i •— �' 1'1 111 II1I111l- :: , 1111111111 1 . 11111111111 . :_ ;I VIII ICI MI ail 1,1 II II 1.11 ill 0 I �I', I II I uuumu•1ll111ar nw -: 1 } 11=11:=----11 • • 'I I 11 11 111 1=51.1-11• r/ f I H 1 11 1 I 1 1 1' 1 i i i i,:,n,l: um::�:�� 1 I 1 I'I � 1 I'I' 1111 �I 11111j111.1� I� 1 ■ i ❑ III Ia I I 1 I,II; 3 II! 1 _. I1I �III ,. i ❑ �1;' I 1 ❑ 1, ■ ■ a 111 ' 1 I�11 ICI . 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Total $ 183,455.00 1841100 7/62012 7:28 AM CADocuments and Settings1User1Desktop%newest Belmont crystal pricing Crystal Pricing 1 of 1 f / ACTION ITEM HRA MEETING OF AUGUST 2, 2012 CITY OF FRIDLEY Date: July 25, 2012 y To: William Burns, City Manager A0, From: Paul Bolin, Asst. Executive HRA Director Subject: Gateway NE TIF District#21 Creation - Chronology The Authority started to acquire properties along the east side of University Avenue in 2006, after being approached by property owners wanting to sell their obsolete retail buildings. Acquisitions concluded in 2011, and demolition of the properties was done in two phases. The first phase of demolition was started in late 2009 and the second phase of demolitions took place in 2011. Prior to demolition, the Authority had all buildings inspected, and all far exceeded the blight threshold required by TIF Statutes. The Authority reviewed the blight reports and adopted a resolution, declaring the properties substandard, allowing the Authority to demolish the buildings prior to the creation of a TIF District. The demolition of the properties removed liability and maintenance expenses for the Authority, but did start the time clock for the creation of a tax increment district. By Statute the Authority needs to create a TIF District within 3 years once demolition begins, or they lose the ability to do so. The Authority can, after district creation, delay collection of increment for an additional 4 years. The Authority has until December of this year to create the district, but can delay collecting increment until December of 2016. In late 2011 the Authority hired Premier Commercial Properties to market the site. Over the past few weeks there has been interest from 3 different parties wanting to purchase all, or at least portions of, the property. Over the next week staff is meeting with developers interested in retail, market rate rental housing, and for sale townhomes. An update will be given at next week's meeting and staff anticipates a hearing will be necessary in September to authorize sale of the land to at least one of these developers. Additionally, Dr. LeMay from the Family Animal Hospital, has requested that the Authority appraise his property and consider purchasing his parcel. In order to recover the Authority's investment, Staff recommends the Authority adopt a motion authorizing staff and legal counsel to proceed with creating TIF District #21, following the schedule on the attached chronology. CITY OF FRIDLEY PROPOSED CHRONOLOGY CREATION OF TAX INCREMENT FINANCING DISTRICT NO. 21 (GATEWAY NORTHEAST TIF DISTRICT (2012)) THURSDAY, AUGUST 2, 2012 HRA MEETING (review of project) MONDAY, AUGUST 20, 2012 COUNCIL MEETING (1) call for public hearing TUESDAY, AUGUST 21, 2012 NOTICE PROVIDED TO COUNTY COMMISSIONER (minimum 30 days prior to publication) NOTICE PROVIDED TO COUNTY RE: ROAD COSTS (minimum 45 days prior to public hearing) MONDAY, AUGUST 27, 2012 TIF PLAN PROVIDED TO ANOKA COUNTY (minimum 30 days prior to public hearing) TIF PLAN PROVIDED TO SCHOOL DISTRICT (#14) (minimum 30 days prior to public hearing) THURSDAY, SEPTEMBER 13, 2012 NOTICE OF PUBLIC HEARING PROVIDED TO NEWSPAPER THURSDAY, SEPTEMBER 20, 2012 PUBLICATION OF PUBLIC HEARING NOTICE (10 - 30 days prior to public hearing) THURSDAY, OCTOBER 4, 2012 HRA MEETING (1) modify Redevelopment Plan (2) modify existing TIF Plans (3) create TIF District No. 21 (4) adopt TIF Plan MONDAY, OCTOBER 8, 2012 CITY COUNCIL MEETING - PUBLIC HEARING (1) modify Redevelopment Plan (2) modify existing TIF Plans (3) create TIF District No. 21 (4) adopt TIF Plan M M B:4815-3414-1967,V. 1 INFORMATIONAL ITEM HRA MEETING OF AUGUST 2, 2012 QTY OF FRIDLEY Date: July 25, 2011 To: William Burns, City Manager ,`N7 From: Paul Bolin, Asst. Executive HRA Director Subject: Scattered Site Housing Replacement Program Update Potential Purchases Staff has continued to look for more dilapidated homes for purchase and demolish. There have been very few homes placed into the market, meeting our criteria over the past few months. Staff did inspect a home along East River Road, but the home was sliding off its foundation due to soil issues. It would be very difficult and expensive to correct the soils to the point that the Authority could sell the lot. Staff determined it would not be a wise use of Authority funds to pursue purchase of that property. On Monday, July 23rd, an offer of$50,000 was made for the property located at 5909 Main r Street. The property is held by Fannie Mae. The home is in very poor shape,but the lot is in a great location near the rail station and the Cub Foods commercial area. At the time of writing �'.) this memorandum staff is still waiting to hear back from Fannie Mae. An update will be provided next week. Lots under Construction The three lots the Authority sold in June, 2 to Novak-Fleck Builders and 1 to Boulder Contracting, are under construction. Staff will provide an update,with pictures at next week's meeting. f.d ? t �pp Fridley HRA Housing Program Summary Cover Page August 2, 2012 HRA Meeting Report Description Loan Application Summary Loan application activity (e.g. mailed out, in process, closed loans) for past month and year-to-date. Loan Origination Report Loan originations for past month and year-to-date. Remodeling Advisor Shows the number of field appointments scheduled and completed for the Remodeling Advisor Services administered by Center for Energy and Environment. H:\Paul's Documents\HRAU-IRA Agenda Items\2012\July 5,2012\Housing Program CoverJuly-2012.docx Fridley HRA June 15, 2012 Application Summary 5/15-6/15 Year-To-Date New Applications Total Applications Rec'd/ Loans Applications Applications Loans Program Sent Out* in Process Closed Mailed Processed Closed HRA Revolving Loan Fund 3 2 1 9 6 3 HRA- Fridley Last 1 1 1 0 0 1 MHFA Deferred Loan 0 0 0 0 0 0 MHFA Fix-Up Fund 0 0 0 0 0 0 MHFA Community Fix-Up Fund 0 0 0 0 0 0 MHFA Community Fix-Up w/Discount 0 0 0 0 0 0 CEE Home Energy Loan 2 0 0 3 1 1 Private Bank Loan (through CEE) 0 0 0 0 0 0 Xcel OSES 0 0 0 1 0 1 MHFA Rental Rehab Loan Fund 0 0 0 0 0 0 DOC Rental Energy Fund 0 0 0 0 0 0 Totals: 6 3 2 13 7 6 *Number of applications sent out does not take into account property owners downloading their application from the CEE website n Fridley HRA 6/15/2012 Loan Originations Programs This Month Previous Month Since 1/1/2012 HRA Loans(incl.CFUF Discount loans) $ 43,385.00 $ 12,442.00 $ 55,827.00 Leveraged Loans $ - $ 5,400.00 $ 5,400.00 Total $ 43,385.00 $ 17,842.00 $ 61,227.00 Funding Sources This Month Previous Month Since 1/1/2012 Fridley HRA inc Revolving&FRIDLAST $ 43,385.00 $ 12,442.00 $ 55,827.00 MHFA FUF/CFUF $ - $ - $ Fridley Discount portion for CFUF $ $ - $ - Met Council $ - $ $ CDBG/HOME $ $ $ - CEE Energy $ - $ $ - Other $ - $ 1,398.17 $ 1,398.17 Total $ 43,385.00 $ 13,840.17 $ 57,225.17 Types of Units Improved' 'most HH do more than one improvement so the total#will be equal or greater to the number of loans originated This Month Previous Month Since 1/1/2012 P""\ Single Family 2 2 4 Duplex - Tri-Plex 4 to 9 Units - 1 1 10 to 20 Units - _ 20+Units Total 2 3 5 Types of Improvements Interior #of Projects %of Total Bathroom remodel - 0%-Kitchen remodel 0% General plumbing - 0% Heating system 1 17% Electrical system 1 17%-Basement finish 0% Insulation 0% Room addition 1 17% Misc.interior projects 0%-Foundation 0% Exterior Siding/Fascia/Soffit - 0% Roofing 1 17% Windows/Doors 2 33% Garage 0% Driveway/sidewalk 0%-Landscaping 0% - 0% ,•••••N Misc.exterior projects Fridley HRA Remodeling Advisor Service - 2012 June 15, 2012 Remodeling Advisor Appointments Appointments Month Scheduled Completed Jan-12 0 0 Feb-12 2 2 Mar-12 1 1 Apr-12 3 3 May-12 3 3 Jun-12 7 7 Jul-12 0 0 Aug-12 0 0 Sep-12 0 0 Oct-12 0 0 Nov-12 0 0 Dec-12 0 0 Total 16 16 *Remodeling Advisor monthly amounts may change as paperwork from a visit may not come in until the next month for the previous month. FRIDLEY HOUSING & REDEVELOPMENT AUTHORITY August 2, 2012 NnAgcnh • i 1. Building Permit Monthly Report-June 2012 At the June HRA meeting we discussed providing you with the monthly building report that Dr. Burns receives. Attached is a copy of the report for the month of June. The report shows # of permits &the value of the work done,by permit type. The report shows allows you to compare June 2012 vs.June 2011 and also see where the numbers are at for the year as compared to last year. Please note that the June 2011 permit#'s are high due to the tornado damage suffered in late May 2011. 2. Fridley Foun. ; ns - Home Re •e i ' : Demonstration ogra• e have had owins of the 831 ► ssissippi .ome in the p..t month. A er ev-.uating the most re.-nt mar data with • Van ' uken,it may b. time to -duce our asking p. e down to the $175,000 mar' ,e move closer to - -aditional spring buy s -ason. 3. JLT Site / Northstar Transit TIF District Planning Department has been fielding a number of calls from groups interested in purchasing the JLT Site, now that the asking price has been dropped from$17M to $5M. You will recall that the JLT site is expected to be the largest generator of increment for the,yet to be adopted,Northstar Transit TIF District. Staff will continue to monitor discussions about the site and bring forward a recommendation to create the District at the appropriate time. 4. Columbia Arena Bill Fogerty,property owner,is moving forward with his plan of reusing the existing arena building for senior housing. Mr. Fogerty has land use applications for a plat and a special use permit in to the City. Mr. Fogerty has also indicated a desire for TIF assistance. He has submitted the non-refundable $7,500 application fee, but none of the documentation necessary to analyze the need for assistance. If Mr. Fogerty completes his application, and has a demonstrated need for assistance,we will provide a chronology at the Authorities September 6th meeting. 5. Loan Delinquency Report We have asked CRF to provide an updated report on our loan accounts that are more than 90 days behind in payments. As previously reported,we have had very few bad loans over the years. At this time there are 3 on our list,but only 2 of the three are seriously past due. The other loan holder did get caught up through June 2012,but has since missed their July payment. We will continue to monitor and provide you with a quarterly update on these loans. 6. BAE / RER Update At this time there is no formal action for the Authority to take. Paul Hyde was given a verbal extension to his closing on the site. When I last spoke with him he was waiting for Wells Fargo to sign off on the extension. I am trying to get a more exhaustive report out of him prior to next week's meeting. 47 '0°4:1 ° 4 A. CITY OF FRIDLEY BUILDING PERMIT MONTHLY REPORT June-12 ~ 2012 2011 2012 2011 JUNE JUNE Y-T-D Y-T-D RESIDENTIAL 20 178 242 339 COMMERCIAL 12 18 49 57 INDUSTRIAL 0 0 0 0 INSTITUTIONAL 0 0 1 4 MULTI FAMILY DWELLING 0 0 0 5 PUBLIC FACILITY 0 0 3 2 TOWNHOUSE 1 0 1 2 DUPLEX 0 0 0 0 SIGNS 4 11 19 26 WRECKING 0 2 1 8 TOTAL 37 209 316 443 RESIDENTIAL HEATING 29 33 114 133 PLUMBING 22 32 151 159 ELECTRICAL 35 48 177 168 TOTAL 86 113 442 460 COMMERCIAL HEATING 7 8 27 38 PLUMBING 2 4 25 35 � ELECTRICAL 18 23 82 101 TOTAL 27 35 134 174 GRAND TOTAL 150 357 892 1077 2012 2011 2012 2011 JUNE JUNE Y-T-D Y-T-D RESIDENTIAL $678,656.00 $731,643.16 $2,289,803.65 $1,733,558.57 COMMERCIAL 5,244,631.00 1,311,409.00 10,029,135.00 11,248,736.00 INDUSTRIAL 0.00 0.00 0.00 0.00 INSTITUTIONAL 0.00 0.00 273,780.00 827,200.00 MULTI FAMILY DWELLING 0.00 0.00 0.00 27,310.00 PUBLIC FACILITY 0.00 0.00 549,171.00 51,000.00 TOWNHOUSE 7,500.00 2,222.00 7,500.00 2,922.00 DUPLEX 0.00 0.00 0.00 0.00 SIGNS NO VALUE FOR SIGNS OR WRECKING WRECKING 0.00 0.00 0.00 TOTAL $5,930,787.00 $2,045,274.16 $13,149,389.65 I $13,890,726.57 COMMERCIAL HEATING $1,931,348.00 $539,327.00 $3,421,778.00 $2,189,529.00 /.....k)LUMBING 252,000.00 3,000.00 896,488.00 912,580.00 _LECTRICAL NO VALUE FOR ELECTRICAL PERMITS TOTAL $2,183,348.00 $542,327.00 $4,318,266.00 $3,102,109.00 Wrecking $2,500.00 2011 Voids GRAND TOTAL $8,114,135.00 $2,590,101.16 $17,467,655.65 $16,995,335.57 1 2 i. i if g i 7 i 71 2 ?,..., 3: & :-....1 m• 1 I ‘.i E E ii! 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